This website uses cookies to ensure you have the best experience. Learn more

Forensic Note Essay

3934 words - 16 pages

Forensic Accounting

Topic 1

Forensic Accounting Practice

* Forensic Accounting and auditors are both concerned with identifying the existence of common risk of factors that results in fraud.
* However, there are differences between audit and forensic accounting.

Differences between audit and forensic accounting

* Audit Standard in addition to the Framework for the preparation and presentation of financial statement are invaluable guidance to forensic accounting.
* Forensic accountants assist auditor in discharging their responsibilities.

Definition: Fraud is
* A representation
* About the material point
* Which is false
* And ...view middle of the document...

No offence is committed if the property is obtained without deception.

Obtaining a financial advantage by deception- in section 82, a person who by deception dishonestly obtains for himself or another any financial advantage is guilty of an indictable offence and liable to level 5 imprisonment (10 years maximum)
* Person engaged in deception
* Person did so dishonestly
* Obtain a financial disadvantage or obtained a financial advantage for another
* Financial advantage was obtained by deception

False Accounting- in section 83
* Where a person dishonestly, with a view of gain for himself or another or with intent to cause a loss to another
* Destroys, defaces, conceals or falsifies any account or record or document made or required for any accounting purpose; OR
* In furnishing information for any purpose produces or makes use of any account, or any such record or documents as aforesaid, which to his knowledge is or may misleading, false or deceptive in a material particular.
* Is guilty of an indictable offence and liable in level 5 imprisonment (10 years maximum)
* person destroyed, or defaced, or concealed, or falsified record, account or document
* the records, accounts or document was required or made for an accounting purpose
* The record, account or document was destroyed, or defaced, or concealed, or falsified with a view to gain for person, or another or with intent to cause loss to another
* Person acted dishonestly

* Furnished information
* Produced or made use of any record, account or documents required or made for an accounting purpose.
* Was aware that the record, account, or document was or might be misleading, false or deceptive in a material particular.
* Furnished the information with a view of gain for person r another or with intent to cause a loss to another
* Person acted dishonestly

Anyone could commit fraud once they loose their integrity. For example: people have gambling problems, financial crisis, drug addition.

To calculate the impact,
1) calculate profit margin: profit/ sales
2) use discount fraud loss by profit margin to calculate the extra sales that need to generated to cover the fraud loss: fraud loss/ profit margin

Fraud triangle has a combination of
* Pressure (motivation)
* Opportunity (indicator of poor systems)
* Rationalization (justification)

Fraud will get larger and larger as confidence in the fraud or pressure to sustain the fraud get higher and higher.

The Fraud Scale has a combination of
* Situational pressure
* Opportunity of commits
* Personal Integrity

Pressure can be divided into four groups:
* Financial pressure: greed, living beyond one’s means, high debts, poor credits.
* Vice Pressures: Gambling, Drugs, Alcohol, Expensive extramarital relationship.
* Work Related Pressures
* Other pressures, spouse pressures, life pressures.


Other Papers Like Forensic Note

Term Paper

3955 words - 16 pages Journal of Forensic & Investigative Accounting Vol. 4, Issue 2, 2012 The Obvious Fraud: A Short, Problem-Based Case Study to Highlight Inappropriate Fraud Examination Techniques David O’Bryan Jeffrey J. Quirin* INTRODUCTION Assume you are an internal auditor for a large, multinational, manufacturing organization with a division in Mexico. One of your responsibilities is to investigate allegations made on the company’s fraud hotline. When you

Computer Forensics Tools Essay

1779 words - 8 pages to bathroom deaths. Additionally, the forensic analysis revealed that the computer printed suicide note, offered to exculpate the defendant, was created several months after the victim’s death. Needless to say, Mr. Guthrie has been since found guilty and imprisoned (Wall, Paroff, 2004). References Wall, C & Paroff, J. (2004). Computer Forensics Mystery. Retrieved March 9, 2015 from

How Has Our Knowledge of Dna Improved the Study of Criminal Forensics?

1456 words - 6 pages creation of mutation by transferring DNA from one organism to another through techniques like cloning and introducing new DNA sequence into an organism to alter their genetic makeup (Tillery, page 683). Other uses of DNA technology is genetic fingerprinting which makes possible to show the nucleotide sequence differences between individuals since no two people have the same nucleotide sequences. (Tillery, page 688) DNA in forensic science I

Accounting Associate

1458 words - 6 pages | Internal or external | d. | Forensic | Internal, external, or forensic | e. | Operational | Government, external, or internal | f. | Operational | Internal or external | g. | Compliance | Government | h. | Compliance or forensic | Government, external, or forensic

Cyber Forensics

5441 words - 22 pages Rapid-Response Cyberforensics • Characterized by: - Live-response - Military-type contexts • But not of necessity - Judicious a priori planning • Prior strategic incident response planning • Requisite training in - Basic forensic procedures - Live-response - Network forensics • Continued updating of skills as technology changes • Technically adept with a diversity of tools & toolkits 9 Viewpoint • According

Kurt Cobain Conspiracy Theories

1406 words - 6 pages strip, and even checked out a few of Cobain’s drug dealers. When the morning of April 8 flew around, it took an electrician hired by Love to discover the deceased body of Kurt Cobain. Positioned on his back, Cobain was recognized with a shotgun cemented between his fingertips and a purported suicide note settled on a planter just feet away. Immediately, police officers ruled his death as suicide, but Nirvana fans, close friends and family, and

Lindberg Baby Kidnapping

1069 words - 5 pages on Charlie around 10:00pm, he was gone but Lindbergh nor his wife had the child. An immense investigation was led by the New Jersey State police along with the New York City Police and the Federal Bureau of Investigation. There was substantial evidence which includes a ransom note and forensics information which led to the suspects. The Lindbergh case was so significant that it became the “Trial of the Century” and eventually the suspect was

IS4560 Lab9

730 words - 3 pages physically isolated but now powered off. It should be left in its steady-state. This isolates the contaminated workstation from the organization’s network and Internet, as well as preventing the contamination from spreading. Logs, memory forensics, footprints, and other malicious activity must be kept in its steady-state untouched. Forensic images of the logs should be performed along with a memory forensics scan. Anti-virus and anti-malicious

Recomendations of the Sec Annual Report

886 words - 4 pages spent resources and time to research and become leaders in the forensic accounting practice and gain a competitive advantage among its peers. The national fraud center would not do anything but compiling all the scatter available information out there. c. Discuss three most significant practical problems that could arise in implementing the recommendation (Note: This cannot be the same as what you answer in part B, so choose your answers to

What Is Psychology

973 words - 4 pages , practicing in clinical, counseling, or school settings. Many do scientific research on a wide range of topics related to mental processes and behavior, and typically work in university psychology departments or teach in other academic settings . Some are employed in industrial and organizational settings, or in other areas such as human development and aging, sports, health, and the media, as well as in forensic investigation and other aspects of

Ist 454 Project

837 words - 4 pages team’s exploration and results of the lab. The hands-on lab should cover the detailed process of conducting a complete forensic analysis (imaging, data recovery, and analysis) on selected digital devices or using criminal tools for attack, defense, and data recovery. Here is a list of possible devices or tools: Digital Devices: |Digital Music Device |Mobile Phone

Related Essays

Forensic Science Essay

527 words - 3 pages document - a suicide note, threatening letter, patent brief, licensing examination essay, anonymous letter, ransom note, electronic message - is questioned or suspicious. Dr Chaski and her fellow (ILE) associates are the only forensic linguists in the United States to have won government funding for their forensic-linguistic research. Speaking of Crime: The Language of Criminal Justice By L.M Solan & P.M Tiersma Why do so many people

Forensic Dentistry Essay

272 words - 2 pages Forensic ontology 2-26-12 Forensic dentistry is a branch of forensic science, which deals with the handling, examination, and presentation of dental evidence in court. From studying the teeth the information that one is expected to no would usually involve in identifying that person, the age of the victim and if there were any signs of violence. Several different records will help identify them. Such as, dental records they could include

Acc 556 Tutorials / Acc556dotcom Essay

564 words - 3 pages ACC 556 Entire Course ACC 556 Individual Assignment Internal Accountant’s Report to Management ACC 556 Individual Assignment: Procedures in Collecting Forensic Evidence ACC 556 Assignment Substantive Procedures for Cash Outflow Irregularities ACC 556 Learning Team Assignment: Substantive Procedures for Asset Irregularities ACC 556 Individual Assignment: Financial Statement Fraud Schemes ACC 556 Individual Assignment Report on

Evidence Collection Essay

2876 words - 12 pages files. 7. Compile a list of names, e-mail addresses, and other identifying information about those with whom the subject might have communicated. 8. If the computer is accessed before the forensic expert is able to secure a mirror image, note the user(s) who accessed it, what files they accessed, and when the access occurred. If possible, find out why the computer was accessed. 9. Maintain a chain of custody for each piece of original media